other material
confidence high
sentiment neutral
materiality 0.60
STAG Industrial enters into $750M at-the-market equity distribution agreements
STAG Industrial, Inc.
- Up to $750M of common stock may be sold through 14 sales agents in ATM offerings.
- Forward sale agreements allow borrowing and selling shares; proceeds expected upon settlement.
- Sales agent commissions capped at 2.0% of gross sale price per share sold.
- Shares issued under shelf registration S-3 filed February 16, 2022.
- No immediate offering; company retains discretion on timing and amount.